In a nutshell I was tired of guestimating what my risk was between pivots when getting into trades I went to work on the basic math behind the relationship of the pivots to find their natural risk to reward ratios. The natural risk to rewards span high and low...for example...you can go from the S3 --> R3 and that R:R is with a stop loss of the S4 is 7.4 But...
This is a script to make calculating position size easier. It calculates position size as a percentage of account balance and Risk/Reward based on input values of entry, exit, stoploss and shows the R/R box similar to tradingview's R/R tool. There is an option to toggle showing label and choosing of label text color. Have to enter the following inputs in order...
Simple and clean Perfect Risk Management Setup ! 5 Targets included with Entry ! 2 Stops included ! + Dir is for long setting Long Sl and Targets - Dir is for setting Short Sl nd Targets * Manualy one can set Sl and Targets according to their risk management !
This indicator uses the standard concepts of the Ichimoku Cloud. The indicator features a fully customisable set of Ichimoku lines: Tenkan Sen, Kijun Sen, Senkou Span A & B, Kumo, Chikou Span. Besides this the Indicator also features the ability to show and hide entry signals for various entry criteria for the Ichimoku indicator: Signal 1 - Chikou crossing Kijun...
Hello Traders This is a proof of concept and a cool pinescript utility It displays a risk to reward division as a fractional value. For example Risk: 300 Reward: 600 This will be displayed as 1/2 as we can earn 2 units for a potential loss of 1 unit (600/300 = 2) for those wondering the NASA level mathematics behind :) Best regards Dave
Hello friends, in this script, hand drawing and loyalty to terminals are minimized. ***FEATURES 1 - Rational Auto Support and Resistance Levels NOTE : For 1W TF , you can take 0.000 - 1.000 for 1 area , i didn't find to necessary to autoplot this condition because of between levels are so large and for long term. Multi time-frame In small...
This script is designed to display three stop loss areas to assist either with automation of risk management or identify and alert when price is in a range of a trade for risk to reward ratio. In this version there are three stop losses and 1 PT. Mainly because i will most likely only be using 1 of the SL to pair with the PT. Stoploss areas are displayed on both...
Little tool to quickly identify stops and take-profit levels based on Average True Range. User can change ATR multipiers, as well as the ATR length used. Green and red lines show these levels; plot is visible over last 8 bars only to reduce clutter. Label showing the current ATR, up above the last bar
Hello traders, I started this script as a joke for someone... finally appears it could be used for educational content Let's talk about leverage and margin call Margin Call A margin call is the broker's demand that an investor deposit additional money or securities so that the account is brought up to the minimum value, known as the maintenance margin. A...
Hello traders The Trade Manager Standalone is finally back and with many more built-in features. I. 💎 SCRIPTS ACCESS AND TRIALS 💎 1. No TRIAL is available for that script. Available only with one-time payment on my website . 2. My website URL is in this script signature at the very bottom (you'll have to scroll down a bit and going past the long...
Hello traders I. SCRIPTS ACCESS AND TRIALS 1. For the trial request access, they have to be done through my website . 2. My website URL is in this script signature at the very bottom (you'll have to scroll down a bit and going past the long description) and in my profile status available here : Daveatt Due to the new scripts publishing house rules, I...
Hello traders I. SCRIPTS ACCESS AND TRIALS 1. For the trial request access, they have to be done through my website . 2. My website URL is in this script signature at the very bottom (you'll have to scroll down a bit and going past the long description) and in my profile status available here : Daveatt Due to the new scripts publishing house rules, I...
This is a simple script to aid with determining position size. Inputs are the intended entry price, desired risk (expressed as % of account at risk), account value, and leverage factor. To use the script; 1. Identify and update the entry price (yellow line on the chart) 2. Update with desired risk 3. Update with account size 4. Adjust the leverage value until...
Volatility riskreward moneymanagement This script tells you where to place your Initial Take Profit Targets and Stop Losses both long and short. The position of these targets is based on price volatility (using ATR to calculate). Distance of stop loss and take profit can be modified as multiples of the ATR. For a 2:1 reward:risk ratio, set Take Profit to...
Hello ladies (if any in my followers ?) and gentlemen Here's your indicator of the day and once again given for FREE. What I'm going to say to my landlord if I can't pay rent because I'm not asking for $$ ? I'll probably send the next indicators from below the town brige. Even then... I will still comply with my challenge to share 1 original indicator a day and...
This script is designed to work on cryptocurrency. This idea is to capture large amounts of the trend but to be able to get out when the support begins to break. To use this script: Buy signal: - When the price is above the white moving average - When the price goes over the buy line (higher / blue) - When trading view says buy Sell signal - Move a stop...
Here is a pretty clean 2R - risk reward assessment that is overlaid on the price action. Positive bias, kind of lazy on the release but you can edit to change look back period or drop into one of your indicator edits as another metric for trade risk. If this helps drop a comment or thumbs up. -Squam